Three Financial Firms Unite To Launch Multiple Account Solution

Robbie Lawther

18 August 2017

Managed Portfolio Advisors, a San Francisco-based affiliate of Natixis Global Asset Management, and BNY Mellon’s Pershing have collaborated with Securian Financial Group to launch a new unified managed account platform.

The program, called Securian One, was custom-built for Securian’s investment advisory practice, and combines MPA’s overlay management service and tax management operation with Pershing’s technology platform, the firms said in a statement.

The platform will help advisors manage a client’s separate accounts and other investment avenues. The overlay management will also help the implementation of multiple investment strategies within a single account while ensuring the account remains aligned with a prescribed asset allocation.

“We’re excited that our relationship with Pershing made it possible to deliver another level of customization to Securian’s advisor base,” said Curt Overway, president of Managed Portfolio Advisors. “With the launch of Securian One, advisors have greater access to a suite of asset allocation models and an enormous amount of flexibility in choosing mutual fund and ETF options for client portfolios."

This new venture comes after MPA and Pershing signed an agreement to provide unified managed account solutions in April.